Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Director Paul T. Bossidy purchased 500 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was bought at an average cost of $38.65 per share, for a total transaction of $19,325.00. Following the completion of the purchase, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $298,687.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Berkshire Hills Bancorp, Inc. (BHLB) traded down $0.55 during trading on Wednesday, reaching $38.05. 293,700 shares of the company’s stock traded hands, compared to its average volume of 212,339. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.91 and a quick ratio of 0.89. The firm has a market capitalization of $1,747.32, a P/E ratio of 16.93 and a beta of 0.68. Berkshire Hills Bancorp, Inc. has a 52-week low of $32.85 and a 52-week high of $40.00.

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Berkshire Hills Bancorp (NYSE:BHLB) last posted its earnings results on Thursday, October 19th. The savings and loans company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The firm had revenue of $100.83 million for the quarter, compared to the consensus estimate of $107.60 million. Berkshire Hills Bancorp had a net margin of 15.54% and a return on equity of 6.93%. equities research analysts forecast that Berkshire Hills Bancorp, Inc. will post 2.29 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.21%. The ex-dividend date was Wednesday, November 8th. Berkshire Hills Bancorp’s payout ratio is 45.16%.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Berkshire Hills Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, September 25th. BidaskClub raised shares of Berkshire Hills Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 price target on shares of Berkshire Hills Bancorp in a research note on Tuesday, October 3rd. FIG Partners reaffirmed an “outperform” rating and issued a $41.00 price target on shares of Berkshire Hills Bancorp in a research note on Wednesday, September 20th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $40.00 price target on shares of Berkshire Hills Bancorp in a research note on Wednesday, October 11th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $40.90.

Institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its position in Berkshire Hills Bancorp by 11.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,121 shares of the savings and loans company’s stock worth $110,000 after buying an additional 318 shares during the last quarter. Quantbot Technologies LP acquired a new position in Berkshire Hills Bancorp during the second quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Berkshire Hills Bancorp by 263.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,450 shares of the savings and loans company’s stock worth $121,000 after buying an additional 2,500 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Berkshire Hills Bancorp by 129.9% during the second quarter. BNP Paribas Arbitrage SA now owns 4,373 shares of the savings and loans company’s stock worth $154,000 after buying an additional 2,471 shares during the last quarter. Finally, US Bancorp DE increased its position in Berkshire Hills Bancorp by 68.3% during the second quarter. US Bancorp DE now owns 4,543 shares of the savings and loans company’s stock worth $160,000 after buying an additional 1,843 shares during the last quarter. 67.21% of the stock is currently owned by hedge funds and other institutional investors.

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